Alliance of 314: The technical team announced the launch of a new protocol to achieve ecological diversity of decentralized platforms

According to the official news, the 314 protocol has received attention since March this year. There are currently four versions of the on-chain protocol: SIMP (original), Long-314 (revised), X314 (upgraded), and 314 (official version). The first three versions were all abandoned due to design flaws. On April 14, the Alliance of 314 projects officially deployed the official version of 314. The latest 314 protocol solves various defects in the previous protocol code architecture. At the same time, the project technical team promised to carry out permanent maintenance and development of it in the future. The official version means the most secure, convenient, and truly decentralized ecological diversity protocol.
It is reported that the 314 protocol mainly solves the problem of high gas fees for on-chain transactions. The new protocol can reduce block gas fees by 95% and optimize the transaction process. Users do not need traditional SWAP, they only need to transfer money to the contract address through the wallet to transact. Send BNB to the contract address (buy), send 314 to the contract address (sell). This innovation not only optimizes the transaction model, but also further promotes the development of the decentralized digital currency ecosystem.